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Vessel optimisation: a digitalised approach to CII compliance
24 May 2021 • 09:00-09:45 BST
VesselOptimisation
Webinar Week
Part of
24-27 May 2021
Panellist documents:Page 2: Grzegorz Zboś, Dorian LPGPage 10: Henning Rebnord, G2 OceanPage 15: Sebastian Ebbing, VDR - Verband Deutscher Reeder
DORIAN LPGVessel Optimisation - Webinar Week
24 - 27 May 2021
A digital approach to CII compliance
Disclaimer
Forward-Looking Statements
This presentation contains certain forward-looking statements including analyses and other information based on
forecasts of future results and estimates of amounts not yet determinable and statements relating to our future
prospects, developments and business strategies. Forward-looking statements are identified by their use of terms
and phrases such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,”
“will” and similar terms and phrases, including references to assumptions. The forward-looking statements in this
presentation are based upon various assumptions, many of which are based, in turn, upon further assumptions,
including without limitation, management’s examination of historical operating trends, data contained in our records
and other data available from third parties. Although we believe that these assumptions were reasonable when
made, because these assumptions are inherently subject to significant uncertainties and contingencies that are
difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish
these expectations, beliefs or projections.
Actual results could differ materially from expectations expressed in the forward-looking statements if one or more of
the underlying assumptions or expectations proves to be inaccurate or is not realized. Our actual future results may
be materially different from and worse than what we expect. We qualify all of the forward-looking statements by these
cautionary statements. We caution readers of this presentation not to place undue reliance on forward-looking
statements. Any forward-looking statements contained herein are made only as of the date of this presentation, and
we undertake no obligation to update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by law.
Dorian LPG at a Glance
US-Based with Global Presence
The Helios LPG Pool
Dorian LPG is a liquefied petroleum gas (LPG)
shipping company and a leading owner and
operator of modern very large gas carriers
(VLGCs)
Modern, fuel-efficient fleet comprised of 19 ECO
VLGCs and three modern VLGCs, in addition to
two chartered-in VLGCs
Our Mission is to provide Safe, Reliable, CLEAN,
and Trouble-Free transportation to our customers.
The Company provides in-house commercial and
technical management services for all owned and
bareboat-chartered vessels in the fleet
Large commercial footprint with 24 vessels1 and
co-manager of the Helios LPG Pool, which operates
33 vessels total and is jointly owned with Phoenix
Tankers
Regulatory framework and strategy
IT Preparedness – Storage + Connectors + Data Flow
CII metric based on AER and EEOI - the differences in outcome
Sandboxing - Sample data not representing any vessel or voyages
CII grid - Fleet Performance main view for the future?
Sandboxing - Sample data not representing any vessel or voyages
G2 OCEAN
PIONEERING SUSTAINABLE
SHIPPING SOLUTIONS
1
A digital approach to CII compliance
Riviera – Vessel Optimization Webminar week
24-27 May 2021
Henning Rebnord
Senior Fuel Performance Specialist
- CII will be vessel specific, not as a fleet average- Owners can not put all their resources towards “beyond compliance” newbuildings
- The CII rating is changing over time with the carbon reduction trajectory- Moving target, harder to comply as years go by
- Enforcement:- If rating D for 3 years or rating E one year, need to implement corrective action for achieving
rate C or be out of business
CII – Practical Implications
Image credit: DNV
CII – Practical Implications
Case study by DNVSupramax bulker built 2011, using only engine power limitation (EPL) to comply
- Slow steaming will be used for compliance, giving less transport work from each vessel
- Early scrapping will be an option for vessels which will not be able to get ROI from necessary upgrades
- Owners are still on the fence with regards to newbuildings- Uncertainty about propulsion and fuel availability- No clear winner in the race between biofuel, ammonia, hydrogen etc..
- Conclusion: Less tonnage in the market, less transport work done and higher rates (?)
CII – the “perfect storm”
- Need to keep in mind that CII is an operational measure which can be affected:- Slow steaming- Weather routing- Maintenance, keeping hull, propeller & machinery in good shape- Installing energy saving devices with low CAPEX- Adjust CP clauses (speed/cons) to allow for speed variance
- …Trade vessels in partially laden condition?- While this is not usually good for business, it will actually benefit CII rating
- In the longer run, most current vessel will need major conversions to comply
CII – What can be done now?
A digitalised approach to CII compliance
1
Vessel optimisation: a digitalised approach to CII complianceDate: Monday 24 May - Time: 09:00-09:45 BST
1) Start calculating the required CII for each shiptype of your fleet2) Start calculating the attained CII for each vessel individually3) Monitor the discussion during MEPC 76 and ist outcome (10 - 17 Jun 2021)4) In case of D or E rating, think about carbon reduction modification5) Get in contact with your classification society for technical advise